Whitebark Energy

All posts for Whitebark Energy

“Whitebark will have over $4m cash to invest in drilling programs and strategic acquisitions in Canada which have the potential to materially change the company within the next six months.” “Whitebark and its Canadian JV partner, Point Loma Resources, have been in negotiations to purchase product ...

Funds to be invested into advancing Canadian JV's 100 million barrel exploration opportunities and strategic acquisitions Whitebark has executed a Sale and Purchase Agreement to sell its 15% interest in TP-15 to Triangle Energy (Global) Ltd for up to $5m. The offer structure allows Whi ...

Whitebark Energy Limited, ASX:WBE, (‘Whitebark' or ‘the Company') is pleased to advise that the renounceable rights issue announced on 1 August 2018 (‘Offer') has been well supported by the Company's shareholders and new investors and closed significantly over-subscribed. The Company has raised ...

Growing production + significant exploration upside. Canadian JV Cash flow positive. 20% working interest in the Point Loma Joint Venture in Canada. Production increased 125% in the past 12 months. Expected to double in the next 12 months. 15% interest in Xanadu prospect in t ...

Flexibility to progress up to 11.6 tcf1 field Whitebark Energy (ASX : WBE) is pleased to announce the return to full ownership of the Warro Gas Discovery, 200km North East of Perth. Alcoa Australia has agreed to relinquish its 43% interest earned in the Warro assets. This will a ...

Increasing interest in emerging Duvernay Shale Oil Play in Canada Whitebark Energy Limited (ASX : WBE) (the “Company” or “Whitebark”) is pleased to provide an update on recent transaction activity in the emerging Duvernay shale oil play. Whitebark currently has a 20% interest in approximately ...

3D Program Identifies Material New Oil Targets in CanadaCurrent Whitebark Production approx. 400boe/d Highlights Westcove 3D program identifies new drilling targets with potential for over 40 mmboe in place (gross): o Ostracod Liquids Play 10m ...

Adds 450boe/d and 4.1 million boe* to JV reserves 21st March 2018 Highlights: Acquiring oil and gas assets producing 450 boe/d in its existing area of focus in Central Alberta for the gross amount of A$1.9m1 (30% working interest for Whitebark). Adds 135 boe/d net to Whitebark, 30 ...

Highlights: • Acquiring oil and gas assets producing 450 boe/d in its existing area of focus in Central Alberta for the gross amount of CAN$1.9m (30% working interest for the Company). • Acquisition is subject to Court Approval as the assets form part of a Court Appointed Re ...

Summary Quarterly Activity Statement 30th January 2018 Whitebark Energy Ltd is pleased to report a robust second quarter with the average daily production for December of approximately 275 boe/d from its Canadian JV (up from 150boe/d), confirmation of its Xanadu oil discovery in t ...

Whitebark Energy Ltd (ASX: WBE) (“Whitebark” or “the Company”) is pleased to provide an update to shareholders with regards to its Canadian activities. Point Loma JV (PLJV), Canada (WBE 20% WI) Following the drilling of two wells and the reactivation of two stranded wells, Whitebark net produc ...

Australia's newest oil and gas producer, Whitebark Energy (ASX:WBE) has consolidated ownership of the Paddle River Oil Project in Canada via a series of acquisitions with its JV partner. Canada The Point Loma JV (PLJV) now has 100% of the Ostracod oil pool within the Paddle River project are ...

Whitebark Energy supports Federal Government Pre-Feasibility Study into the development of a West-East gas pipeline; Proposed pipeline would open up the gas market and support long term demand required to commit to funding; Highlights need for State Government to move swi ly with fraccin ...